US: Housing Price Index rises 1.1% in December vs. 1% expected

• US FHFA Housing Price Index rose 1.1% in December.
• US Dollar Index clings to modest daily gains near 90.20.

The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) came in at +1.1% in December after rising 1% in November. This reading came in slightly higher than the market expectation of 1%. 

Meanwhile, the S&P/Case-Shiller Home Price Indice printed +10.1% on a yearly basis in December and surpassed analysts’ estimate of +9.9%.

Market reaction

The US Dollar Index showed no immediate reaction to this report and was last seen gaining 0.18% on a daily basis at 90.17.